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drilling in the past. shell was the only company given the go-ahead by the u.s. government. shell sent two rigs to try to drill, and both went curse blatche. today, forget it, we are out. we can't do it. they announced today they are halting their drilling opt operations indefinitely. they are not returning for 2013. whether they return will depend on a number of factors, including the readiness of the rigs and the confidence that lessons from 2012 will be incorporated. full incorporation or not, it depends on one more thing, whether or not the government will decide to allow them back at all. they were the only ones that have ever been allowed. given shall's mess up, they send two riggs, the first one failed, the second one failed. one crashed into an island. given that record, they are doing an emergency review of whether arctic drilling can be done safely at all. one company they thought could do it was shelled. that actually just said, we think maybe we can do it, so we will stop trying. wow. what happened today was unexpected. what happens next in this industry is anyone's guess. what
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